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FTC Ban on Noncompetes Is a Victory for the US Economy

Posted on AllSides April 24th, 2024
From The Left
Valerie Plesch/Bloomberg

It’s easy to understand why the US Chamber of Commerce is so upset about the Federal Trade Commission’s decision to ban noncompete agreements. The problem for businesses is not that they will lose trade secrets or valuable investments in workers to competitors. It’s that they just lost bargaining power to workers — and that’s exactly what the FTC intended.

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